2500(Spot) so far seems to be the bulls LOC,in this bear run though we have managed to venture near 2500 on the spot a few times,we have never managed to close below it,this includes the October fall.
Perhaps,only a close below 2500 on the spot would create panic...
all the best.

sat'Da
i am trying to learn ewt as well and every day market throws a couple of new doubts at me...I would sincerely appreciate it if you can guide me....
there is this thing about market making a 5th wave diagonal...

your thoughts would help me understand the markets a bit better....

thanks and all the best.

Originally Posted by learn2trade08

thanks sat'da...
sincerely appreciate your time....another thing if you noticed,the 4th has entered the territory of the 1st....is this possible...

thanks and all the best.

L2T

With my very very little knowledge on Elliot theory, I tried something to draw with my stupidity. It would be very nice if Satyam or any other elliot analyser enlighten us.

Enclosed the figure with the request to criticize the attachments, so that I can learn.

[IMG][/IMG]

[IMG][/IMG]

[IMG][/IMG]

Last edited by Satyojiit; 15-03-2009 at 02:35 PM.
Reason: Chart was too small to view, so changed.

The Following 4 Users Say Thank You to Satyojiit For This Useful Post:

Da..
excellent charts...will start working on it right away...
true,i miss satyam too...probably vikram or asish'sir can guide us....
again thanks for the charts,trying to work out something on the hourly...i will post them in your other thread tonight,if you permit...
thanks and all the best.

Originally Posted by SatDa

L2T

With my very very little knowledge on Elliot theory, I tried something to draw with my stupidity. It would be very nice if Satyam or any other elliot analyser enlighten us.

Enclosed the figure with the request to criticize the attachments, so that I can learn.